Financial services giant Mastercard announced its participation in the newly formed U.S. AI Safety Institute Consortium (AISIC) alongside the U.S. Department of Commerce. This collaborative effort aims to establish crucial national standards for trustworthy artificial intelligence (AI).
The consortium brings together a diverse pool of experts, including AI developers, users, researchers, Fortune 500 companies, academic institutions, non-profit organizations, and other government agencies. Their combined knowledge and experience will inform research and guidance on key AI safety issues, laying the groundwork for future policies and regulations.
“Unlocking the full potential of AI hinges on building trust in the technology,” emphasizes Mastercard CEO Michael Miebach. “This starts with creating a unified set of meaningful standards that safeguard users and foster inclusive innovation. The public-private partnership spearheaded by AISIC is vital to achieving this goal and bolstering responsible AI development.”
Mastercard firmly believes that responsible technology development necessitates prioritizing ethical practices that respect and protect individual rights and societal well-being. This commitment fuels their dedication to evolving a robust set of guiding principles. By sharing their experiences with partners, regulators, and policymakers, Mastercard hopes to contribute significantly to the future of responsible AI through AISIC.
